African startup collects $ 6 million from a round of funding from the pre-series-emerging countries

Africa Blockchain Lab recently announced that it has raised $ 6 million from an investment round before Serie A and that capital will use the introduction of a crypto wallet to finance.

promotion of acceptance of cryptocurrencies

An African crypto startup, Africa Blockchain Lab, recently confirmed that it received $ 6 million from an investment round before series A. The round was led by a consortium of global and African risk capital companies such as Lateral Frontiers VC, Cre Venture Capital and Musha Ventures.

The global investors who took part in this round include Dragonfly Capital, Hashkey Capital, SNZ Capital, Fenbushi, Cadenza Capital, Head & Shoulder X, Leadblock, Hash Global, Bonfire, Krypital and Despace.

according to a Tech Space Africa test report , plans the startup, Using the raised capital to finance the introduction of his crypto wallet called Vibra. The report also quotes the co -founder of Africa Blockchain Lab, Vincent Li, who explains the mission of the startup and how it will use the financial support surviving to advance the introduction of cryptocurrencies on the entire African continent. He said:

With the support of our strategic investors, we intend to bring first-class technology stacks, projects and innovations to the African continent, starting with our first product Vibra.

inclusive financial ecosystem

The same report, meanwhile, quotes Steven Grin from Lateral Frontiers, who explains why the risk capital company took part in the pre-series a round. He also emphasized the conviction of his company that "crypto can exploit its potential as technology and asset on the continent".

Pardon Makumbbe, Managing Partner at CRE Venture Capital, said: "We believe that Africa has a cross -generational chance of using decentralized technologies to build a more collaborative and integrative financial ecosystem in which all actors are winners."

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Terence Zimwara

Terence Zimwara is an award -winning journalist, author and author in Zimbabwe. He wrote in detail about the economic problems of some African countries and how digital currencies Africans can offer an escape route.

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